Lee Returns to Central Bank, Where He Retired as Senior Deputy Governor in 2012

SEOUL—Lee Ju-yeol, a former senior deputy governor and veteran of the Bank of Korea, was named as the central bank's new chief on Monday, a move that experts said would lead to policy continuity as the nation's economy gradually picks up speed.

Mr. Lee, 61, will succeed Kim Choong-soo, whose four-year term ends March 31. The new governor is widely seen as a policy moderate, without a strong hawkish or dovish bias in setting interest...